EUR/USD Outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA

EUR/USD has reached resistance price zone of 1.160000.

Economic Calendar Analysis



Next trading week might see higher implied volatility as GDP, Jobs report numbers will be presented form the United States. Also, Jackson Hole Symposium might act as a forward looking guide for the market. 

EUR/USD Daily chart analysis

EUR/USD is breaking out above the upper boundary of its multi-month descending channel near 1.1560, building on a solid double-bottom base established between 1.1350 and 1.1400. This upward push is supported by expanding positive momentum on the daily MACD, where the MACD line has crossed decisively above both its signal and the zero line. Sustaining a daily close above the 1.1530–1.1550 breakout zone sets up a path toward immediate horizontal resistance at 1.1650, with a secondary target at the structural peak near 1.1800; conversely, a rejection back inside the channel below 1.1530 would invalidate the breakout and risk a retest of lower support levels toward 1.1450 and 1.1350.

Daily Chart



Weekly review

On the weekly timeframe, EUR/USD is staging a breakout above both its descending channel resistance line and the 26-period simple moving average (1.15656), having successfully defended the multi-week base near the 1.1350–1.1400 demand shelf. A weekly close above the immediate horizontal resistance zone at 1.1600–1.1650 would confirm higher-timeframe trend reversal momentum, paving the way for a broader recovery rally toward the major structural ceiling at 1.1800


EUR/USD chart

Weekly Chart





Traders are long







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Actual Topics

Wed, 12 Aug 2026 10:53:51 GMT

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Thu, 30 Jul 2026 11:49:33 GMT

GBP/USD Outlook

GBP/USD has retraced from July Highs towards 1.33750 price zone. Economic Calendar Low near-term volatility may be considered the primary scenario, as no significant deviation from the Bank of England's decision has occurred. Further demand for the U.S. dollar may have a greater impact on the overall valuation of the exchange rate. However, the likelihood of elevated or outsized volatility remains low

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